Thursday, November 22, 2007
Monday, October 1, 2007
Nokia to Buy Navteq for $8.1 Billion
Nokia to Buy Navteq for $8.1 Billion in Push to Expand Services, Compete With Apple
STOCKHOLM, Sweden (AP) -- Nokia Corp. is buying U.S. navigation-software maker Navteq Corp. for around $8.1 billion as the world's largest mobile phone maker continues to expand services and content.
Under the agreement approved by the boards of both companies, Nokia will pay $78 in cash for each Navteq share, including outstanding options, Nokia said Monday.
Chicago-based Navteq maintains digital maps which it licenses to global positioning systems and Web sites. Founded in 1985, it has around 3,000 employees in 168 offices in 30 countries.
Nokia said Navteq would continue to support its existing customers as before -- with the Navteq map data business continuing to operate independently -- but that it would be organized as a Nokia group company.
Nokia's President and Chief Executive Olli-Pekka Kallasvuo said "location-based services are one of the cornerstones of Nokia's Internet services strategy. The acquisition of Navteq is another step toward Nokia becoming a leading player in this space."
Helsinki-based Nokia has made several acquisitions to expand Internet services. The company announced last month that it would buy Enpocket, a U.S.-based mobile advertising company, and last year acquired Loudeye Corp. to expand its digital music offerings.
In a push to challenge rivals, including Apple Inc.'s iTunes and iPod, Nokia unveiled new Internet services and gadgets this year to help customers download music and to play games on mobile handsets.
Kallasvuo added that by acquiring Navteq, Nokia "will be able to bring context and geographical information to a number of our Internet services with accelerated time to market."
Jari Honko, an analyst at eQ Bank in Helsinki, said Nokia is "extremely driven" in its strategy to move into mobile services and called Navteq "the most significant player in its field."
"It makes a lot of sense," he said. "This is one of the areas that should become extremely important in the future. ... Nokia could very well build one of its core services around it."
The acquisition is subject to regulatory approvals and is expected to close in the first quarter in 2008. It will be financed through a combination of cash and debt.
Nokia said it expects the acquisition to dilute its earnings in 2008 and 2009, but that it will not impact share buybacks under the current mandate, or future dividends and share buybacks.
In the long term, Honko said the deal was "brilliant," but said that in the short term, "investors might worry about the diluted earnings."
Navteq shares fell 98 cents to $76.99 Monday, while Nokia fell 81 cents to $37.12.
STOCKHOLM, Sweden (AP) -- Nokia Corp. is buying U.S. navigation-software maker Navteq Corp. for around $8.1 billion as the world's largest mobile phone maker continues to expand services and content.
Under the agreement approved by the boards of both companies, Nokia will pay $78 in cash for each Navteq share, including outstanding options, Nokia said Monday.
Chicago-based Navteq maintains digital maps which it licenses to global positioning systems and Web sites. Founded in 1985, it has around 3,000 employees in 168 offices in 30 countries.
Nokia said Navteq would continue to support its existing customers as before -- with the Navteq map data business continuing to operate independently -- but that it would be organized as a Nokia group company.
Nokia's President and Chief Executive Olli-Pekka Kallasvuo said "location-based services are one of the cornerstones of Nokia's Internet services strategy. The acquisition of Navteq is another step toward Nokia becoming a leading player in this space."
Helsinki-based Nokia has made several acquisitions to expand Internet services. The company announced last month that it would buy Enpocket, a U.S.-based mobile advertising company, and last year acquired Loudeye Corp. to expand its digital music offerings.
In a push to challenge rivals, including Apple Inc.'s iTunes and iPod, Nokia unveiled new Internet services and gadgets this year to help customers download music and to play games on mobile handsets.
Kallasvuo added that by acquiring Navteq, Nokia "will be able to bring context and geographical information to a number of our Internet services with accelerated time to market."
Jari Honko, an analyst at eQ Bank in Helsinki, said Nokia is "extremely driven" in its strategy to move into mobile services and called Navteq "the most significant player in its field."
"It makes a lot of sense," he said. "This is one of the areas that should become extremely important in the future. ... Nokia could very well build one of its core services around it."
The acquisition is subject to regulatory approvals and is expected to close in the first quarter in 2008. It will be financed through a combination of cash and debt.
Nokia said it expects the acquisition to dilute its earnings in 2008 and 2009, but that it will not impact share buybacks under the current mandate, or future dividends and share buybacks.
In the long term, Honko said the deal was "brilliant," but said that in the short term, "investors might worry about the diluted earnings."
Navteq shares fell 98 cents to $76.99 Monday, while Nokia fell 81 cents to $37.12.
Sunday, September 30, 2007
Egyptian sculpture at the Louvre
History and mythology
Egyptian sculpture at the Louvre
Main articles: History of cats and Cats in ancient Egypt
Cats have been kept by humans since at least ancient Egypt, where the mythical cat Bast was goddess of the home, the domesticated cat, protector of the fields and home from vermin infestations, and sometimes took on the warlike aspect of a lioness. The first domesticated cats may have saved early Egyptians from many rodent infestations and likewise, Bast developed from the adoration for her feline companions. She was the daughter of the sun god Ra and played significant role in Ancient Egyptian religion. It has been speculated that cats resident in Kenya's Islands in the Lamu Archipelago may be the last living direct descendants of the cats of ancient Egypt.
Several ancient religions believed that cats are exalted souls, companions or guides for humans, that they are all-knowing but are mute so they cannot influence decisions made by humans. In Japan, the Maneki Neko is a cat that is a symbol of "good fortune". While in Islam there is not a sacred species, it is said by some writers that Muhammad had a favorite cat, Muezza.[57] It is said he loved cats so much that "he would do without his cloak rather than disturb one that was sleeping on it".[58]
It is common lore that cats have nine lives. It is a tribute to their perceived durability, their occasional apparent lack of instinct for self-preservation, and their seeming ability to survive falls that would be fatal to other animals.
Peppered Cat
Peppered Cat
The cat (Felis silvestris catus), also known as the domestic cat or house cat to distinguish it from other felines, is a small carnivorous species of mammal that is often valued by humans for its companionship and its ability to hunt vermin. It has been associated with humans for at least 9,500 years.[3][4]
A skilled predator, the cat is known to hunt over 1,000 species for food. It is intelligent and can be trained to obey simple commands. Individual cats have also been known to learn to manipulate simple mechanisms. Cats use a variety of vocalizations and types of body language for communication, including mewing ("meow" or "miaow"), purring, hissing, growling, squeaking, chirping, clicking, and grunting.[5] Cats are popular pets and are also bred and shown as registered pedigree pets. This hobby is known as the cat fancy.
A study by the National Cancer Institute published in the journal Science asserts that all house cats are descended from a group of self-domesticating desert wildcats Felis silvestris lybica circa 10,000 years ago, in the Near East
The cat (Felis silvestris catus), also known as the domestic cat or house cat to distinguish it from other felines, is a small carnivorous species of mammal that is often valued by humans for its companionship and its ability to hunt vermin. It has been associated with humans for at least 9,500 years.[3][4]
A skilled predator, the cat is known to hunt over 1,000 species for food. It is intelligent and can be trained to obey simple commands. Individual cats have also been known to learn to manipulate simple mechanisms. Cats use a variety of vocalizations and types of body language for communication, including mewing ("meow" or "miaow"), purring, hissing, growling, squeaking, chirping, clicking, and grunting.[5] Cats are popular pets and are also bred and shown as registered pedigree pets. This hobby is known as the cat fancy.
A study by the National Cancer Institute published in the journal Science asserts that all house cats are descended from a group of self-domesticating desert wildcats Felis silvestris lybica circa 10,000 years ago, in the Near East
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